Harris Williams Advises on Recent Sale of Bolder Capital Portfolio Company

Harris Williams Advises on Recent Sale of Bolder Capital Portfolio Company

Harris Williams & Co. acted as the exclusive advisor to Horsburgh & Scott, a portfolio company of Bolder Capital, on its recent sale to GenNx360 Capital Partners.

Horsburgh & Scott (H&S) manufactures, repairs, and services industrial gears and gear drives used in the steel, mining, wind, rail, and sugar industries. The company specializes in manufacturing medium and large diameter gears (up to 25 ft. in diameter). H&S has 350,000 square feet of manufacturing, repair, assembly and heat treating facilities. The company was founded in 1886 and has approximately 200 employees. H&S is headquartered in Cleveland (www.horsburgh-scott.com).

Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services. The firm is part of the PNC Financial Services Group (NYSE:PNC). Harris Williams & Co. is headquartered in Richmond, VA (www.harriswilliams.com).

The sale of Horsburgh & Scott closed on March 28, 2013 and was led by John Arendale, Darwin Olympia and Ben Ross from Harris Williams’ Richmond office, and Matt White from the firm’s Energy & Power Group.

“H&S is an impressive platform with a proud history and an excellent management team. The transaction represented a unique opportunity to acquire a niche industrial services platform that differentiates itself through its engineering capabilities,” said Mr. Arendale, a managing director at Harris Williams & Co. “We are excited to see what the future holds for H&S.”

Bolder Capital was founded by Todd Hamilton in 2004 and has a co-investment relationship with The Edgewater Funds and JZ Capital Partners. The firm focuses on partnering with experienced CEOs to build middle market companies through organic and acquisition growth. Bolder Capital is based in Chicago (www.boldercapital.com).

GenNx360 Capital Partners is a private equity firm focused on investing in industrial business-to-business companies in the middle market. Sectors of interest include industrial machinery and components, oil and gas, transportation and logistics, agricultural, specialty chemicals, and aerospace. GenNx360 was founded in 2006 and is headquartered in New York with additional offices in Seattle and Boston (www.gennx360.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 4-8-13

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